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Tag Archives: Housing Trends

Waiting Will Cost More

18 Monday Jun 2018

Posted by Make your Home your Haven! in Helpful Information, News you can USE!, Timely Advise

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Tags

2018 Housing rates, Housing Market Trend, Housing Trends, Interest rates in 2018, Mortgage Interest rates, mortgage rates, New Tax Law 2018, Real Estate News, When to buy a home

An economist responded when asked how interest rates would change: “They may fall some and then, rise and after that, they’ll fluctuate.”

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Just because interest rates have been low for ten years doesn’t mean they are supposed to be low. The Federal Reserve has raised interest rates twice this year and are expected to go up twice more plus three times next year.  Mortgage rates have risen from 3.95% to 4.62% since the first of January.

Increased rates directly affect the payments on homes but so does the price. With inventory levels remaining low, the prices will continue to go up. When interest rates and prices rise at the same time, it costs buyers a lot more.

If the mortgage rates go up by one percent and prices increase by five percent in the next year, the payment on a $250,000 home could go up by $200 a month. In a seven-year period, the buyer would pay $18,000 more for the home.

People planning to buy a home, need to investigate the possibilities of accelerating their timetable to take advantage of lower rates and prices. Use the Cost of Waiting to Buy  calculator to see how much more it could cost you to wait.  Call Profile.BusinessPhone} if you have questions about what can be done now.

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When Neighbors Don’t Seem to Care

05 Tuesday Jun 2018

Posted by Make your Home your Haven! in News you can USE!, Who New?

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Tags

Home values, Housing Market Trend, Housing Trends, Location Location Location, News you can USE!, Real Estate, Real Estate News

A home that isn’t being maintained like others in the neighborhood can negatively affect your visual sense of appeal and in some extreme cases, even affect property values. It might be an overgrown yard, a fence in need of repair, excessive noise, unruly pets, paint peeling on the home or even a car or boat parked in front of the home that hasn’t moved in weeks.

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Most people want to be good neighbors and may be willing to correct an issue once it is brought to their attention. A practical but possibly, confrontational solution is to contact the responsible person and describe your perception of the issue. However, they may not always agree with the same urgency and it might be necessary to seek other remedies.

An owner-occupant may be more sympathetic to the neighbors and willing to correct the issue. If you think the home might a rental property, check with the county tax records to identify the owner. They may be unaware of the situation and welcome the notification to protect their investment.

Another alternative might be to notify the homeowner’s association, if there is one. One of the benefits of a HOA is to enforce community appearance standards as set in the covenants or bylaws that specify how properties must be maintained. This could be a less personal method of reaching a beneficial outcome.

If the source of the problem is a code or housing violation, the city may be the ultimate authority. Most cities have a separate code and neighborhood services division and some cities have 311 for non-emergency assistance.

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Don’t Have a CLUE?

27 Tuesday Jun 2017

Posted by Make your Home your Haven! in Helpful Information, News you can USE!, Timely Advise

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Tags

Affordable Housing information, Baton Rouge Real Estate, home financing, home ownership, Housing Trends, Insurance claims, News you can USE!, Real Estate

If you haven’t heard of a CLUE report, it has nothing to do with the table game searching for a murderer. It is a report showing the insurance claims on your home and car for the past five to seven years.

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This database is used by insurance companies to evaluate risks and determine rates. C.L.U.E. stands for Comprehensive Loss Underwriting Exchange. Rates can be increased not only due to legitimate claims but data entry errors also. Sometimes, simply asking a question without filing a claim can be logged as a claim.

For that reason, similar to verifying the accuracy of your credit report, it is important to check out the CLUE report on your home and car. The reports are free and there is a process for correcting mistakes.

An interesting and sometimes costly surprise occurs during the home buying process. The claim experience of the prior seller could impact the price of the premium of the new buyer. For that reason, you can ask for a copy of the CLUE report on the home you’re interested in buying prior to writing a contract.

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Baton Rouge and Surrounding Area Housing Trends for 2011!

15 Tuesday Feb 2011

Posted by Make your Home your Haven! in News you can USE!

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Tags

Baton Rouge Real Estate Trends, Housing Market 2011, Housing numbers for 2011, Housing Trends, Trends for Real Estate in 2011

http://www.batonrougerealestatetrends.net/

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Realtor®

Unknown's avatarCovington & Associates Real Estate
Janice Dubois & Carol Cotten
Team Sisters
Office: 225.667.3711
Cell: 225.933.7062, 2250.445.4911
batonrougehousehunters.com
1110 Range Ave. Denham Springs, la. 70726
e-Pro, SRS, ABR, CRS Certified Residential Lic in the state of LA & MS
License: Janice LA#71854: Lawson Covington Broker
e-Pro, SRS, ABR, CRS
Team Sisters
Agent license # 71854 In the state of Louisiana by LREC & Mississippi
Each Office Interdependently Owned and Operated | EBR, Livingston and Ascension Parishes and MS. SW Counties
The Greatest Compliment I can Receive is a Referral from my Clients, Family, and Friends! - Thank You

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Realtor®

Unknown's avatarCovington & Associates Real Estate
Janice Dubois & Carol Cotten
Team Sisters
Office: 225.667.3711
Cell: 225.933.7062, 2250.445.4911
batonrougehousehunters.com
1110 Range Ave. Denham Springs, la. 70726
e-Pro, SRS, ABR, CRS Certified Residential Lic in the state of LA & MS
License: Janice LA#71854: Lawson Covington Broker
e-Pro, SRS, ABR, CRS
Team Sisters
Agent license # 71854 In the state of Louisiana by LREC & Mississippi
Each Office Interdependently Owned and Operated | EBR, Livingston and Ascension Parishes and MS. SW Counties
The Greatest Compliment I can Receive is a Referral from my Clients, Family, and Friends! - Thank You

Categories

Recent Posts

  • Is the market heating up?
  • VEVOR 20 inch Wall Mount Fan Oscillating, 3-speed High Velocity Max. 
  • Dust Daisy Pro: Stretch-A Must-Have Home Hack You Will Love! 🌟
  • What About a Dehumidifier? WHO KNEW?
  • Home Closing Time: Factors and Considerations

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